Kamis, 28 Juli 2011

Co-Dependency: High Petroleum Prices, Low Dollar Value, High Food Prices

photo: CornellThis post seems timely while we are worrying about the USD's valuation. Historically, other nations tend to buy U.S. Ag commodity exports when the dollar falls, as we've been a major Ag commodity exporting nation. World Ag export competition is increasing, however.One problem is that when the dollar falls, our Ag input costs go higher due to imported energy costs. As our "leaders"